Burgess Introduces Legislation To Authorize Bonds To Help Fund Military Operations In Iraq And Afghanistan

“Our brave men and women in uniform, and their families, have given the ultimate sacrifice to defend and protect our country, and war bonds are a way for Americans to show support for our soldiers and their mission.”

Washington, D.C. – Today, Congressman Michael C. Burgess, M.D. (TX-26) introduced the United States War Bonds Act of 2011, which authorizes the issuance of United States War Bonds to aid in the operations in Iraq and Afghanistan.

“Our brave men and women in uniform, and their families, have given the ultimate sacrifice to defend and protect our country, and war bonds are a way for Americans to show support for our soldiers and their mission,” Dr. Burgess said. “War bonds send a strong message to those fighting to preserve freedom, that they have our unwavering and steadfast backing.”

During World War II, more than 85 million Americans, roughly half the population then, purchased war bonds totaling $185.7 billion. By authorizing the Treasury Secretary to issue and sell war bonds to fund operations in Iraq, Afghanistan, and other military operations abroad identified by the Secretary of Defense as being part of the international conflicts against terrorism, Dr. Burgess’ hopes to mirror the same successes that was experienced with war bonds during World War II.

War bonds are also an alternative to increasing taxes or borrowing from future generations to fund current war efforts.

“War bonds were a successful source of revenue during World War II, and allowed American citizens to affirmatively support our troops,” Dr. Burgess said. “War bonds are also fiscally responsible and a smart way to invest money during a time of economic downturn.”

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